Apple Stores typically beat the North American national retail average by 17x

Some absolutely mindblowing statistics are coming out of the North American retail sector today in regards to Apple’s retail presence. According to data compiled from RetailSails, Apple performs at 17x the average retailer per square foot. Last year, Apple earned $14 billion from its retail stores, which includes Canada, a 70% increase over the year before.

Whereas Apple earned over $6000/sq, the national US average is, according to Asymco, $341/sq. The median for the top 20 retailers is $787/sq. In the rest of the top 20, only GameStop and Best Buy are electronics companies, with the majority going to high-end jewelry or clothing. There are 22 Apple stores in Canada, compared to 327 in the US. As you’ve probably seen from any busy shopping day at the mall, an Apple Store is likely the busiest, regardless of the time of day.

The data is interesting not only because it shows how shrewd Apple has been with its retail rollout. They only open a few stores per year, and only in prime locations. As you can see from the data, they don’t need to saturate the market with retail locations in order to maintain their lead.

Source: RetailSails
Via: Asymco